A Richmond real estate company has officially gone public with its bid to raise $30 million.
Local firm begins its IPO push
Commercial Real Estate
Maryland landlord adds to Richmond holdings
A Southside apartment complex has landed a new owner after several years on the market. Bill Walde, a real estate investor who has holdings up and down the East Coast, earlier this month purchased the former Dutch Village community at 3219 Glenan Drive for $5.3 million, before promptly rebranding the property to the Townhouses of… Read more »
Fountainhead to transform former Philip Morris site
The developer’s latest project in Richmond’s Southside features 850,000 square feet of space and involves renovating some of the site’s 28 warehouses to create space for entrepreneurs.
Colorful, rundown 2nd St. buildings get new life
Two developers have set their sights on two musically adorned Jackson Ward buildings for their latest project.
$11M deal sealed in Villa Park
An out-of-town buyer has made its second move in the Richmond market. Pennsylvania-based Stewart Cos. paid $11 million last month to purchase the 142,000-square-foot industrial building at 8000 Villa Park Drive. The deal closed Feb. 26. The property, constructed in 1989, is fully occupied by the headquarters of Colortree Group, a direct mail marketing company founded… Read more »
James Center auction cancelled
Three downtown towers have been taken off the auction block, at least for now. The foreclosure auction of the three-building James Center office complex, originally scheduled for today at noon, has been canceled, according to the trustee. It is unclear if the auction has been or will be rescheduled. William Casterline of the law firm… Read more »
Construction firm takes new space in the Bottom
About a year after opening its first local office, a Shenandoah Valley-based construction company has already settled into new Richmond digs.
‘Manchester’s time has come’
A local development company known for high profile projects in the Fan and Scott’s Addition can now add a Manchester notch to its belt. Spy Rock Real Estate, run by principals Andrew Basham and Taylor Williams, recently wrapped up work on their first foray into Manchester, the Old Store Lofts at 1229 Hull St. The… Read more »
Two strip centers fetch combined $9M
A pair of Southside strip centers changed hands last month in multimillion-dollar deals. Branders Creek Corner at 12200 Branders Creek Drive in Chesterfield County was sold in a deal that closed Feb. 17 for $6.2 million. The 26,000-square-foot property had been listed since November of last year, according to Catharine Spangler of Cushman & Wakefield… Read more »
Share of Richmond office buildings sold in massive deal
A stake in more than 2 million square feet of Richmond office space has changed hands as part of a three-state, $400 million deal between two out-of-town real estate firms.